Temporary Solution for Janayugom’s Layoff Issue

Janayugom, the Communist party’s official newspaper has put an end to the layoff issues. The newspaper is owned by CPI, a party that always stood firmly for the needs of laborers.  The trade union wing of CPI, AITUC has many times took stern stands against managements that did not give a heed to the right of their employees. A newspaper that is owned by a party with such a legacy posing illegal threat to its employees looks like an irony.

Since its inception the newspaper has been taking employees on a contract basis and recently when complaints arouse,  Janayugom made a few employees permanent. It is said that the newspaper is forcing its employees to enter in contracts that are not in line with the labor law of the country. However, according to the recent reports, dude to the intervention of Newspaper Employees Union, Janayugom withdrew its layoff threats and promised to solve the issue by the end of  November.

To study the problem of employees a committee is also formed which include K.P Rajendran, Adv. D.B Binu and P Raju. The Newspaper Employees Union welcomed the decision and the employees are of the opinion that its is a temporary solution and they are looking forward to a permanent one.

Yahoo Firing 500 Under-performing Employees

Yahoo is all set to send home its 500 under-performing employees. According to All Things D’s Kara Swisher reports, the company’s CEO
Marissa Mayer has begun the lay off. The report says that the CEO is planning to send home any one who is rated as either ‘misses or occasionally misses’  at least twice in the past five quarters. Mayor has said that some employees are already being fired.  Experts are of the openion that Yahoo has more employees than the company actually needs. Well, looks like the CEO is finally doing what her predecessors should have done 5 years before.

Vodafone Slashed Data Rates by up to 80% Across the Country

Vodafone brings happy news for its customers across India-a slashed 2G and 3G data rates by up to 80%. The new rates will come in effect from today onwards. The company had already in June offered slashed data rates in UP West and Madhya Pradesh , Karnataka and Chhattisgarh circles.  And also there are are no additional data charges on roaming. The company says , home data rates are charged even when customer is on roaming.
The company claims that the new strategy will facilitate faster browsing better use of internet at lower costs.

Indian Students to Benefit from Australia’s New Visa Reforms

The Australian government is all set to reform its higher education industry. The government is planning to simplify the visa procedure aiming to attract more students from countries such as India.  To undo the damage done by the previous government to the education scenario, education minister Christopher Pyne and imigration minister Scott Morrison jointly announced the government’s plans to bring in changes.

The government is set to simplify the student visa through AFL (assessment-level framework). It is planning to extend the visa processing to to low-risk institution that offer university degree courses. The minsiters are of the openion that the change will boost the training and vocational education sector of the country.

RBI hikes repo rate by 0.25%, brace for bigger EMIs


To fight inflation, the Reserve Bank Governor has  again raised interest rates. This move will result in banks raising interest rate making living tough for the already suffering common man. Raghuram Rajan, The RBI governor claims the  decision to hike the main lending or repo rate from 0.25 per cent to 7.75 per cent will be helpful in fighting inflation.

The inflation is expected to last till the end of this fiscal year (March). Let us wait and see if these efforts can help the already slumbering rupee perform well. However, both the stock market and rupee have in fact positively responded towards the new policies. Let us hope that the new regime will bring in positive changes to the slow paced Indian economy.